1.The Reserve Bank of India has liberalised the norms governing external commercial borrowings (ECBs) for infrastructure creation.The minimum average maturity requirement for ECB in the infrastructure sector has been reduced to three years from earlier five years.Additionally, the average maturity requirement for mandatory hedging has been reduced to five years from earlier ten years.
2.The West Bengal government will observe ‘Rosogolla Day’ on November 14.The day will be observed to commemorate the first anniversary of the State’s famous sweet getting Geographical Indication (GI) tag as ‘Bengal’s Rosogolla’.On 14 November 2017, West Bengal got the GI tag for ‘Bengal’s Rosogolla’.The GI tag is a sign that identifies a product as originating from a particular place.
3.The United States has exempted India from the imposition of certain sanctions for the development of Chabahar port project in Iran.India has committed $500 million to the project and $2 billion to build a railway line from Chabahar to Hajigaj in Afghanistan.India signed an agreement with Iran and Afghanistan in May 2016 for the port’s development.
4.Odisha Chief Minister Naveen Patnaik launched the ‘Mo bus’ service in Bhubaneswar on 6 November 2018.The newly-launched buses feature free Wi-Fi, CCTV surveillance, public information display system and on board announcements.The bus service will come up with ‘Mo Bus’ mobile app through which citizens can book their tickets and also get to know the locations of the vehicle.
5.Odisha Government launched the ‘Bhubaneswar Me Wi-Fi’ project in Bhubaneswar on 5 November 2018.The project is implemented by Bhubaneswar Smart City Limited (BSCL).It will initially have 100 hotspots enabled locations with 275 access pointsOne wi-fi hotspot would be able to handle 150 users at a given point of time.BSCL is a Special Purpose Vehicle incorporated by Odisha Government.
6.Jawaharlal Nehru Port Trust (JNPT) is planning to host an edible oil refinery to maximise revenue and ensure captive cargo.The raw material for the refinery will be imported from abroad and a considerable part of the finished products will be sent out through the sea.The port already has a liquid cargo terminal in addition to the 4 container terminals.The port is situated in Maharashtra.
7.Global IT Challenge (GITC) for Youth with Disabilities 2018’ will be organised by the from 9 November 2018.It is organised by the Department of Empowerment of Persons with Disabilities (DEPwD) under Ministry of Social Justice and Empowerment.India is hosting the event in collaboration with the Government of Korea and Rehabilitation International.
8.A report titled ‘Global Macro Outlook 2019-20’ was released by Moody’s Investors Service on 8 November 2018.The report said that the Indian economy will expand 7.4% in 2018, but the growth will slow down to 7.3% in 2019.It also said that the economy grew 7.9% in the first half (January-June) of 2018.Moody’s said global economic growth will slow in 2019 and 2020 to a little under 2.9%..
9.Several Asian member countries of the proposed Regional Comprehensive Economic Partnership (RCEP) have offered India a concession on the extent to which it needs to open up its markets.India can now open up 83% of its market against the earlier 92%.The RCEP is a proposed trade agreement between the ASEAN countries and the six free trade agreement partners.
10.India lost a major trade dispute at the World Trade Organization (WTO) on 6 November 2018.A dispute settlement panel upheld Japan’s complaint that India’s imposition of safeguard duty on imports of hot-rolled steel flat products during September 2015 and March 2018 violated core global trade rules.Japan launched the dispute settlement proceedings against India in 2017.
0 Comment to "ONE LINER OF THE DAY 8th NOVEMBER 2018."
Post a Comment